Bitcoin (/BTC) Selling Continues

The price of Bitcoin futures (/BTC) fell below $60,000 in the intraday Tuesday, Nov. 16, 2021, and have now lost nearly $800 in one week. Scott Bauer says a number of factors seem to be scaring investors into profit-taking like China's crackdown on bitcoin miners as well as the U.S. dollar trading at 16-month highs. Before /BTC breaks higher Bauer sees more selling pressure and anticipates a previous level of resistance - 57,500 - to act as a key level of support in the near future.

Market On Close

16 Nov 2021

ON AIR
3:00 am
Your First Trade
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12:00 am
Fast Market
REPLAY
1:00 am
Trading 360
REPLAY
2:00 am
Next Gen Investing
REPLAY
ON AIR
3:00 am
Your First Trade
REPLAY
3:30 am
Trading 360
REPLAY
4:30 am
Next Gen Investing
REPLAY
5:30 am
Your First Trade
REPLAY
6:00 am
Fast Market
REPLAY
7:00 am
Futures
8:00 am
Morning Trade Live
10:00 am
Trading 360
11:00 am
Fast Market
12:00 pm
Next Gen Investing
1:00 pm
The Watch List
2:00 pm
Market On Close
4:00 pm
Your First Trade
4:30 pm
Trading 360
REPLAY
5:30 pm
Fast Market
REPLAY
6:30 pm
Next Gen Investing
REPLAY
7:30 pm
Your First Trade
REPLAY
8:00 pm
Trading 360
REPLAY
9:00 pm
Fast Market
REPLAY
10:00 pm
Next Gen Investing
REPLAY
11:00 pm
Trading 360
REPLAY

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Bitcoin (/BTC) Selling Continues

The price of Bitcoin futures (/BTC) fell below $60,000 in the intraday Tuesday, Nov. 16, 2021, and have now lost nearly $800 in one week. Scott Bauer says a number of factors seem to be scaring investors into profit-taking like China's crackdown on bitcoin miners as well as the U.S. dollar trading at 16-month highs. Before /BTC breaks higher Bauer sees more selling pressure and anticipates a previous level of resistance - 57,500 - to act as a key level of support in the near future.

Market On Close

16 Nov 2021

ON AIR
3:00 am
Your First Trade
replay
12:00 am
Fast Market
REPLAY
1:00 am
Trading 360
REPLAY
2:00 am
Next Gen Investing
REPLAY
ON AIR
3:00 am
Your First Trade
REPLAY
3:30 am
Trading 360
REPLAY
4:30 am
Next Gen Investing
REPLAY
5:30 am
Your First Trade
REPLAY
6:00 am
Fast Market
REPLAY
7:00 am
Futures
8:00 am
Morning Trade Live
10:00 am
Trading 360
11:00 am
Fast Market
12:00 pm
Next Gen Investing
1:00 pm
The Watch List
2:00 pm
Market On Close
4:00 pm
Your First Trade
4:30 pm
Trading 360
REPLAY
5:30 pm
Fast Market
REPLAY
6:30 pm
Next Gen Investing
REPLAY
7:30 pm
Your First Trade
REPLAY
8:00 pm
Trading 360
REPLAY
9:00 pm
Fast Market
REPLAY
10:00 pm
Next Gen Investing
REPLAY
11:00 pm
Trading 360
REPLAY

Get Market Minute

Daily insights for every investor

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